Answer:
[tex] \boxed{\sf (C) \ \$49M} [/tex]
Given:
Assets = $73M
Liabilities = $24M
To Find:
Value of equity
Explanation:
Total equity is what is left over after you subtract the value of all the liabilities of a company from the value of all of its assets.
Formula:
[tex] \boxed{ \bold{Equity = Assets - Liabilities}}[/tex]
By substituting value of assets & liabilities in the formula we get:
[tex] \sf Equity = \$73M - \$24M \\ \\ \sf Equity = \$49M[/tex]
